Overview
Video display maker's fiscal Q3 revenue rose 21.6% yr/yr, slightly beating expectations
Net income for fiscal Q3 was $3 mln, compared to a net loss last year
Product backlog increased 25% yr/yr, supporting future revenue growth
Outlook
Daktronics expects product backlog to support future revenue growth
Company is monitoring tariffs and inflationary component costs
Daktronics aims to close fiscal year on a strong note
Result Drivers
ORDER CONVERSION - Efficient conversion of orders to revenue contributed to 21.6% sales growth, per CFO Howard Atkins
SECTOR GROWTH - Orders grew 7.6% driven by High School Parks and Recreation and Transportation sectors
Company press release: ID:nGNX1B0Qlb
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $181.87 mln | $181 mln (2 Analysts) |
Q3 EPS | $0.06 | ||
Q3 Net Income | $3.01 mln | ||
Q3 Operating Income | $1.92 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Daktronics Inc is $32.00, about 28.6% above its March 3 closing price of $24.88
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 17 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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